Steps to Get a New Jersey MLO License – Mortgage Loan Originator, Officer, Broker.
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Pre-licensure Education: Prior to submission of the application, complete 20 hours of NMLS-approved pre-licensure education (PE) courses which must include 4 hours of New Jersey content. We currently do not offer the state specific hours for this state. You can complete your 20-hour core course with us and will need to complete your state hours with another provider.
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Testing: Must satisfy one of the following three conditions:
1. Passing results on both the National and New Jersey State components of the SAFE Test, or
2. Passing results on both the National and Stand-alone UST components of the SAFE Test, or
3. Passing results on the National Test Component with Uniform State Content.
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NMLS Criminal Background Check: Authorization for an FBI criminal history background check to be completed in NMLS.
After you authorize the FBI criminal history background check through the Individual Form (MU4), you must schedule an appointment to be fingerprinted.
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New Jersey MLO Credit Report: Authorization for a credit report must be completed. Upon initial authorization, you are required to complete an Identity Verification Process (IDV) within the Individual Form (MU4).
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Disclosure Questions: Upload complete details of all events or proceedings for each “Yes” response to the Disclosure Questions on Form MU4.
Company Sponsorship: A sponsorship request must be submitted by your employer. NJ will review and accept or reject the sponsorship request.
Employment History: The business address listed in the Employment History section of the Individual Form (MU4) must match the address of the location in the Company Relationship which is the location the individual will be working from.
